Compound interest -- Fiction; Science fiction; Short stories
"And now I will ask you to advance with me to the year 2906 A.D. In this
year the directors of the John Jones fund awoke to the fact that they
were in a dreadful predicament. According to the agreement under which
John Jones deposited his Dollar away back in the year 1921, interest was
to be compounded annually at three percent. In the year 2900 A.D., the
thirty-ninth generation of John Jones was alive, being represented by a
gentleman named J664M42721Male, who was thirty years of age and engaged
to be married to a young lady named T246M42652Female.
"Doubtless, you will ask, what was the predicament in which the
directors found themselves. Simply this:
"A careful appraisement of the wealth on Neptune, Uranus, Saturn,
Jupiter, Mars, Venus, and Mercury, and likewise Earth, together with an
accurate calculation of the remaining heat in the Sun and an
appraisement of that heat at a very decent valuation per calorie,
demonstrated that the total wealth of the Solar System amounted to
$6,309,525,241,362.15.
"But unfortunately, a simple computation showed that if Mr.
J664M42721Male married Miss T246M42652Female, and was blessed by a child
by the year 2921, which year marked the thousandth year since the
deposit of the John Jones Dollar, then in that year there would be due
the child, the following amount:
2921 1,000 years $6,310,000,000,000
"It simply showed beyond all possibility of argument, that by 2921 A.D.,
we would be $474,758,637.85 shy--that we would be unable to meet the
debt to John Jones the fortieth.
"I tell you, gentlemen, the Board of Directors was frantic. Such wild
suggestions were put forth as the sending of an expeditionary force to
the nearest star in order to capture some other Solar System and thus
obtain more territory to make up the deficit. But that project was
impossible on account of the number of years that it would have
required.
"Visions of immense law suits disturbed the slumber of those unfortunate
individuals who formed the John Jones Dollar Directorship. But on the
brink of one of the biggest civil actions the courts had ever known,
something occurred that altered everything."
The professor again withdrew the tiny instrument from his vest pocket,
held it to his ear and adjusted the switch. A metallic voice rasped:
"Fifteen o'clock and fifty-two minutes--fifteen o'clock and fifty-two
minutes--fift--" He replaced the instrument and went on with his talk.
"I must hasten to the conclusion of my lecture, gentlemen, as I have an
engagement with Professor C122B24999Male of the University of Saturn at
sixteen o'clock. Now, let me see; I was discussing the big civil action
that was hanging over the heads of the John Jones Dollar directors.
Public-domain text, read in full here on John Shaqi.
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